INOGEN INC (INGN) Stock Technical Analysis
NASDAQ:INGN • US45780L1044
Taking everything into account, INGN scores 1 out of 10 in our technical rating. INGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 83% of all other stocks performed better in the past year than INGN.
- INGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- INGN is an average performer in the Health Care Equipment & Supplies industry, it outperforms 45% of 184 stocks in the same industry.
- In the last month INGN has a been trading in the 5.34 - 6.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, INGN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.19. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for INGN in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.52
When analyzing the support we notice one important area.
- A support zone ranging from 5.58 to 5.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.19 to 6.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.45 from a horizontal line in the daily time frame.
- Resistance @7.12 from a horizontal line in the daily time frame.
- Resistance @7.31 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for INGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INGN is neutral. |
| ChartMill Relative Strength | 17.47 | NEGATIVE | INGN has a low relative strength, it was outperformed by 82.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of INGN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.81 | NEUTRAL | The RSI value for INGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests INGN has a positive trend. |
| Stochastics (14,3) | 80.36 | OVERBOUGHT | The high Stochastics value suggests INGN may be overbought. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for INGN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.1 | NEGATIVE | The low ADX value for INGN suggests a weak or negative trend. |
6.18
+0.08 (+1.31%)
INOGEN INC / INGN FAQ
What is the technical rating for INGN stock?
ChartMill assigns a technical rating of 1 / 10 to INGN.
What is the trend direction for INGN stock?
The current trend direction for INOGEN INC (INGN) is Bearish.
What is the RSI signal for INOGEN INC (INGN) stock?
INOGEN INC (INGN) has an RSI value of 53.8074. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INOGEN INC?
The short term momentum for INOGEN INC (INGN) is neutral.